not good time to start physical work but should be ok to start with the search for architects and PE for design of the house and structure. also do some prep work like buy SIP, DIP, doing topo survey, buy original plans from BCA, soil investigation so the appointed architect and PE can work on their design. all these could take about 6 months (if take time to do slowly) and if URA and BCA doesn't approve at first submissions, it could be at least 8 or 9 months before the necessary approvals are obtained for start work. after got approvals then source for builder could take another 2 months to confirm builder. So all in all, it would be 1 year from now already and things might have gotten better and prices come down a bit.